Annuities were designed to be a dependable means of securing a steady money movement for an individual during their retirement years and to alleviate fears of longevity risk , or outliving one’s assets. The performance of funding choices throughout the annuity are subject to funding threat, together with the potential loss of the money you’ve invested. Variable annuities additionally provide guaranteed death advantages that guarantee your beneficiary no less than the amount paid, or extra, whatever the portfolio’s return.

Outlined benefit pensions and Social Safety are two examples of lifetime assured annuities that pay retirees a gradual money move until …